Europe Lower Following U.S. Selloff

Markets in Europe and Asia were broadly lower following Wednesday's selloff in the U.S. Polya Lesova has details.

This transcript has been automatically generated and may not be 100% accurate.

... the the ... boarding welcome to the news of the Fed is threatening to take away the caffeine trip of easy money and that well ... that that the kids kept Markets perky ... it would withdraw looks set to continue this morning there you see yesterday's ... I drop down to it six points clear Lesova for MarketWatch or we can be down when another one percent today it looks like that that's what we'll try a Kiara we've seen a pretty steep global selloff not punished and the U S but the around the world the aam ... belt teachers are now pointing down about ninety points ... and this is after the big selloff we all it is so yesterday in the U S stock market following those comments at the Denver night ticket to market the just can't stand on its own without without a high flying without the energy seems that way don't worry we need to keep in mind that we have a huge run-up already this year ... out we also had a big run-up on Monday and Tuesday ahead of the Fed ... ALM so I think ... I invest in solidarity adjusting to expectations of what the Fed won't do now spilling over into Europe by the way we head down two percent fall two percent declines ... in more across the border thinking Europe yet weeky rehearing of the snow was Dave's dad big declines in Germany and France and the UK ... I and this after ... we got a pre selloff level in Asia and didn't sign at this height Composite went down almost thirty percent ... of the Chinese PMI data for June ... kit and I want to know ... I and it was below that had a fifty percent level he does think that context and ... so that that the attitude is negative sentiment out there ... the Japanese market was also down sharply ok and ... you know it another thing another ... period of coal mine ... here in the coal mine ... gold is just getting hammered in that color is just getting soft and today that calls futures are down seventy dollars at last check the ID are good that eighteen hundred dollar ... level of announced ... aam and that's also because of what been Anqi said yesterday no call is typically seen as a hedge against inflation and ... high and that ... a hedge against ... currency weakness as well ... I and if the Fed data ... is that going to stop two-week eventually and that now we seem to have a pretty clear timeline ... that is definitely clinching goal of the candy gold gold is always been the Insurance playwright that in the world of of central banks to increase the stuff you can't trust the odd currency weakens the argument but if the real problem is deflation is are so much credit in the economy that has yet to be taken away we have to pay back Apple that maybe when the laws there is no de LYS speculators who also own going into gold as we've gotten all of these are the investment vehicles into ... our way of exchange traded funds and I and so want to make it very easy to invest in color ... and that's why we seen a lot of volatility in the pool of my so here he said in a data this morning we just got jobless claims and ... a kiss this is is more ... sordid an easy came in a little higher than expected three hundred and eighty four thousand versus three hundred and forty thousand was the expectation is that something that markets will ... be paying is paying attention to a level still feed into that the negative sentiment today or I'm thinking well I mean I've The my kid user pays attention to tell this claims I think that the four week average answer to that and that investors can be hard to weaken on risk and can barely a week to week ... of Ledley is definitely important than ... ICE's burn Anqi said yesterday that it really does depend on economic outlook ... as to when the Fed decides to begin the pudding ... that's why ... any piece of economic data especially if it's ... connected to that label Mike and I think ... I will be closely watched well the bad news will be good news in the case let's move on the three stocks that you're looking at the first one is Barrick Gold the bank is the well it's the biggest gold producer and its shares are down about four percent in the marketplace today ... and that's Wednesday because of this massive selloff I in gold prices that we're seeing and in fact its current name Goblet of gold mining stocks ... I in addition to two gold futures also I that that that they go extinct exchange traded fund as well I was right in the writing is is the next auction taking a look at our those shares ... reacting to to the first quarter results on Monday shares was slightly lower this morning so I think swung to a brisk walk to profit ... margins improved but the company lowered its full-year winning Skydance and that disappointed investors and innovate so that the shares are down about ... one percent in my kid ok and last pure one imports ... the appeal one inputs into pointed to fourteen percent rise in quantity profit ... as strong sales more intense than planned so all in